The Principal BRIC Emerging Economies Fund is among SFC-authorised funds to be terminated due to their small asset size.

The Principal BRIC Emerging Economies Fund is among SFC-authorised funds to be terminated due to their small asset size.
FSA compares the First State Hong Kong Growth Fund with the Principal LSF Hong Kong Fund.
The firm aims to get its funds on the shelves of key private bank distributors for the wholesale segment, and it has made key senior hires this year to drive efforts.
Principal Global Investors portfolio manager Mihail Dobrinov said he has added exposure in cyclical stocks such as commodities and warmed to EM financials since the beginning of the year.
BNP has the wind at its back; Templeton has added; Chinese regulators plea for help; PGI is simply Principal; Is Investec going Retail in Singapore?; OMGI gearing up; and much more.
A “third wave” in the global financial crisis could come from emerging markets, said Bob Baur, chief global economist for Principal Global Investors.
Celestine Khoo, the former head of external fund management at Singapore’s regulatory body, has been hired by Principal Global Investors.
Sentiment for emerging markets has plunged and investors see heightened risk. But Principal Global Investors believes its EM growth prospects remain strong, according to Jim McCaughan, CEO.
China has been under scrutiny the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
Principal Global Investors intends to distribute funds through the mutual recognition of funds initiative, and is in talks with joint venture partner China Construction Bank about mainland products, said Kirk West, head of international offices and chief executive officer of Asia.
Part of the Mark Allen Group.